Offshore Captive Insurance Companies

A captive insurance company is a an insurance company that insures some or all of the risk of its parent company. It may also insure the risks of the parent company`s clients. Using captive insurance companies is a risk management tool by which a business creates its own insurance company subsidiary to finance its retained losses in a formal structure.

Types of captive insurance companies

  • Single Parent Captive - an insurance or reinsurance company formed mainly to insure the risks of its non-insurance parent or affiliates.
  • Association Captive - a company owned by a trade, industry or service group for the benefit of its members.
  • Group Captive - a company, jointly owned by a number of companies, created to provide a vehicle to meet a common insurance need.
  • Rent-A-Captive - a company that provides 'captive' facilities to others for a fee, while protecting itself from losses under individual programs, which are also isolated from losses under other programs within the same company.
  • Agency Captive - a company owned by an insurance agency or brokerage firm allowing the reinsurance of a portion of their clients risks through that company.

Benefits of offshore captive insurance companies

  • Tax benefits
  • Reduced insurance costs
  • Enhanced risk management
  • Direct access to reinsurance markets
  • Flexibility

Main captive domiciles

  • Belize
  • Bermuda
  • Cayman Islands
  • Ireland
  • Guernsey
  • Singapore
  • Luxembourg
  • Barbados
  • Malta
  • Anguilla
  • BVI

Our Company

Avia and Slogold Group S.A. is incorporated in Panama. We have office in Panama City. Registration number of Avia and Slogold Group S.A. is 877631-1-510466 and DUNS number 85.376.2784.

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